INTEL, Egypt Sign Deal for Motherboards Factory

Cairo, Egypt | December 03, 2008 by D-8 Secretariat

INTEL Headquarters

Intel Corp, the world’s biggest chipmaker, signed a deal with an Egyptian company on Monday to build the first factory to produce motherboards in Africa, the Egyptian Information Ministry said.

The ministry said 85 percent of the production will be exported to regional and African markets. The Egyptian factory will provide between 400 and 600 new jobs over the next two years, the statement said.

It did not disclose the cost of the deal.

The agreement was signed by Intel Chairman Craig Barrett, Tareq Eissa, chairman of the Egyptian company BORAQ for Electronic Industries, and the state-run Information Technology Industry Development Agency, the statement said.

News Contributor: REUTERS.

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